Pfizer’s potential COVID-19 vaccine still has an effect on the markets

09:29, 11 November 2020

Optimism drove the markets higher - Tuesday Review, November 10

While some markets focused on the earnings season, others praised Pfizer’s vaccine

The US

The vaccine’s effect on the markets started to wear off. Also, the new devices from Microsoft and Apple didn’t stir things up. The USA30 gained 0.9%, while USA500 lost 0.11%. TECH100 fell 1.37%.

Gold went up 1.2%, trading at $1,876.40 per ounce.

Oil climbed 0.9% at $40.64 per barrel. Brent oil closed 1% higher at $42.84.

Asia and Australia

Despite the disappointing figures for last month’s Consumer Price Index (CPI) and Producer Price Index (PPI), the benchmarks closed in the green.

HongKong45 rose 0.90%.

Japan225 went up 0.66%after prime-minister Suga instructed the cabinet to put together a new stimulus package to help the country’s battered economy.

Down under, Australia200 traded 0.59% higher.

Europe

The markets closed predominantly higher, some of them keeping the optimism induced by Pfizer’s COVID-19 vaccine announcement. Germany30 closed 0.4% lower. France40 and UK100 went up 0.7% and 0.4%, respectively.

EUR/USD traded at 1.1835 after gaining 0.2%.

Sources: investing.com

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